It had reported a net profit of Rs 94.95 crore in the year-ago period.

During the quarter under review, the company's total income increased by 7.91 per cent to Rs 1,151.57 crore, against Rs 1,067.08 crore in the corresponding quarter of 2015-16, Berger Paints said in a BSE filing.

Berger Paints reported an exceptional cost of Rs 28 crore for provisioning towards impairment of investments in a wholly-owned subsidiary in the last quarter of the previous fiscal.

The board has recommended a dividend of Rs 1.75 per equity share for fiscal 2016-17.